UK Sainsbury’s in talks to sell Argos to China’s JD.com

LONDON (Reuters) -British supermarket group Sainsbury’s is in talks regarding a potential sale of its Argos general merchandise business to Chinese e-commerce giant JD.com, it said on Saturday.

“No agreement has been reached and there is no certainty at this stage that any transaction will proceed,” Sainsbury’s said in a statement.

(Reporting by James Davey; Editing by Sharon Singleton)